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May 06, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-12-20
US bank Ally Financial exits TARP bailout

US bank Ally Financial exits TARP bailout

US bank Ally Financial, rescued during the 2008 financial crisis, has exited the TARP bailout program, the Treasury Department said Friday. The Treasury said it had sold its remaining stake of 54.9 million shares in Ally for $23.25 per share, gaining $1.3
Published 20 Dec, 2014 12:00am
US bank Ally Financial exits TARP bailout

US bank Ally Financial exits TARP bailout

US bank Ally Financial, rescued during the 2008 financial crisis, has exited the TARP bailout program, the Treasury Department said Friday. The Treasury said it had sold its remaining stake of 54.9 million shares in Ally for $23.25 per share, gaining $1.3
Published 20 Dec, 2014 12:00am
BlackBerry revenue falls more than expected

BlackBerry revenue falls more than expected

BlackBerry Ltd on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again. Revenue fell to $793 million
Published 20 Dec, 2014 12:00am
BlackBerry revenue falls more than expected

BlackBerry revenue falls more than expected

BlackBerry Ltd on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again. Revenue fell to $793 million
Published 20 Dec, 2014 12:00am
China revises up size of 2013 economy, sees no effect on 2014 growth

China revises up size of 2013 economy, sees no effect on 2014 growth

China revised up the size of its economy in 2013 but sees that having little effect on economic growth this year, amid expectations that Beijing may roll out more stimulus to support the slowing economy. Gross domestic product was up 3.4 percent to an est
Published 20 Dec, 2014 12:00am
UK households to pay $1.6 billion for backup power plants

UK households to pay $1.6 billion for backup power plants

British households will pay nearly 1 billion pounds ($1.6 billion) to help guarantee the country's electricity supply in 2018/19, after a government auction determined who will provide backup power capacity. Britain is the first country in Europe to set u
Published 20 Dec, 2014 12:00am
Li helps construct railway through Thailand

Li helps construct railway through Thailand

Chinese premier Li Keqiang on Friday signed an agreement to help construct a railway through Thailand, as the kingdom's junta seeks diplomatic support after their coup was given short shrift by US and European allies. The dual-track railway, part of a 1,4
Published 20 Dec, 2014 12:00am
Southeast Asian markets mostly end stronger

Southeast Asian markets mostly end stronger

Most Southeast Asian stock markets rose on Friday as the US Federal Reserve's pledge to be "patient" about hiking interest rates continued to boost sentiment. The Fed's signal "continues to be the positive catalyst that supports the global market rally,"
Published 20 Dec, 2014 12:00am
Tokyo shares end 2.39 percent higher

Tokyo shares end 2.39 percent higher

Tokyo stocks jumped 2.39 percent Friday following sharp gains on Wall Street while the dollar's strength also provided support. The Nikkei 225 index at the Tokyo Stock Exchange climbed 411.35 points to 17,621.40, while the Topix index of all first-section
Published 20 Dec, 2014 12:00am
Thursday's early trade: stocks advance modestly

Thursday's early trade: stocks advance modestly

US stocks advanced modestly on Friday, extending gains after the best two-day run for the benchmark S&P 500 in three years was sparked by the Federal Reserve's most recent policy statement. The S&P had climbed 4.5 percent over the previous two sessions, s
Published 20 Dec, 2014 12:00am
Wall Street has best two-day gain since 2011 on Fed optimism

Wall Street has best two-day gain since 2011 on Fed optimism

US stocks surged on Thursday, extending a Federal Reserve-fuelled rally from the previous session and giving the S&P 500 its best two-day advance in three years. The rally follows the Fed's commitment on Wednesday to take a "patient" approach toward raisi
Published 20 Dec, 2014 12:00am
Sri Lankan stocks at two-week high

Sri Lankan stocks at two-week high

Sri Lankan stocks ended at their highest in two weeks on Friday led by bluechips, amid political worries ahead of the January 8 presidential poll, stockbrokers said. The main stock index ended 0.31 percent firmer at 7,252.60, a level last touched on Decem
Published 20 Dec, 2014 12:00am
US bond yields rise

US bond yields rise

US Treasuries yields rose on Thursday as Wall Street shares gained a day after the US Federal Reserve signalled it might raise interest rates in 2015 but would do so at a gradual pace. Most US government yields touched one-week highs as some traders exite
Published 20 Dec, 2014 12:00am
US bond yields rise

US bond yields rise

US Treasuries yields rose on Thursday as Wall Street shares gained a day after the US Federal Reserve signalled it might raise interest rates in 2015 but would do so at a gradual pace. Most US government yields touched one-week highs as some traders exite
Published 20 Dec, 2014 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong shares finished up on Friday, climbing for a second day heartened by the prospect that US interest rates will stay low for a while. Asian share markets broadly extended gains after the Federal Reserve gave an upbeat economic assessment the day b
Published 20 Dec, 2014 12:00am
China stocks rebound as key indices hit four-year highs

China stocks rebound as key indices hit four-year highs

China stocks closed up on Friday with both key indexes hitting four-year highs in intraday trading as energy shares surged. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.1 percent to 3,383.17, and climbed 5.95 percent fo
Published 20 Dec, 2014 12:00am
Indian shares gain for second day

Indian shares gain for second day

Indian shares rose for a second consecutive day on Friday, led by gains in IT stocks after global rival Accenture Plc raised its revenue forecast while Reliance Industries rose on bets it will roll out its telecom services in the next few months. Gains al
Published 20 Dec, 2014 12:00am
European shares pause, hit by drop in Roche and Italian banks

European shares pause, hit by drop in Roche and Italian banks

European stocks held steady on Friday, pegged back by Swiss drugmaker Roche after it saw two major drugs fail tests and with Italian banks under pressure from a downgrade by S&P. Healthcare stocks took the most points off the FTSEurofirst 300, with Roche
Published 20 Dec, 2014 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks gained 1.3 percent on Friday, mainly supported by higher global markets amid relief the Federal Reserve was in no rush to start hiking interest rates. As of 0154 GMT, the main TAIEX index rose 112.12 points to 8,990.75, after closing up 0.57
Published 20 Dec, 2014 12:00am
Australian shares post biggest one-day gain since July 2013

Australian shares post biggest one-day gain since July 2013

Australian shares surged 2.5 percent on Friday, the biggest one-day gain since July 2013, after the Federal Reserve promised patience in raising US interest rates. The S&P/ASX 200 index jumped 127.8 points to 5,338.6 at the close of trade, with all sector
Published 20 Dec, 2014 12:00am
FTSE set for biggest weekly rise in two years

FTSE set for biggest weekly rise in two years

Britain's top equity index headed to its biggest weekly gain in two years on Friday, led by recent laggards such as insurer Aviva and Tullow Oil as analysts recommended snapping up battered shares after a recent selloff. Fund managers and traders cited a
Published 20 Dec, 2014 12:00am
Indian rupee weakens

Indian rupee weakens

Indian bonds and the rupee weakened on Friday to post their worst weekly falls since August as sentiment remained subdued after a volatile week marked by concerns about financial contagion from the tumbling Russian rouble. Although hopes the US Federal Re
Published 20 Dec, 2014 12:00am
Yen slips against dollar, euro in Asia

Yen slips against dollar, euro in Asia

The safe-haven yen was on the back foot on Friday, as risk assets staged a broad recovery and investors awaited a press conference by the head of the Bank of Japan after the central bank held policy steady. The dollar added about 0.4 percent against the y
Published 20 Dec, 2014 12:00am
Euro heads lower to 28-month lows in London

Euro heads lower to 28-month lows in London

The euro fell towards recent 28-month lows against the dollar on Friday, as the European Central Bank moved towards a fully-fledged government buying programme to kick-start the economy. Reuters reported on Friday that ECB officials were considering ways
Published 20 Dec, 2014 12:00am
Early trade in New York: Dollar rises against major currencies

Early trade in New York: Dollar rises against major currencies

The US dollar rose against major currencies for a third straight session on Friday on diverging monetary policy between the Federal Reserve and other major central banks. The euro hovered near a 28-month low against the greenback, while the dollar touched
Published 20 Dec, 2014 12:00am
Dollar surges in wake of Fed, Swiss rate move

Dollar surges in wake of Fed, Swiss rate move

The US dollar rose against major currencies for a second straight session on Thursday in the wake of the Federal Reserve's signals that it could hike rates soon and looser monetary policy overseas. The greenback hit a 28-month high against the Swiss franc
Published 20 Dec, 2014 12:00am
Canadian dollar gains

Canadian dollar gains

The Canadian dollar strengthened against its US counterpart on Thursday as market appetite for riskier assets got a lift from the US Federal Reserve's latest policy comments, while a short-lived rebound in oil prices gave it an early-day boost. The Canadi
Published 20 Dec, 2014 12:00am
Sri Lankan rupee forwards steady

Sri Lankan rupee forwards steady

Sri Lankan rupee forwards closed steady for a fifth straight session on Friday, as the central bank capped trading at 132.00 per dollar through moral suasion. The four-day forwards or spot-next-next, which were actively traded, closed at 131.98/132.02 per
Published 20 Dec, 2014 12:00am
Most Asian currencies up

Most Asian currencies up

Most emerging Asian currencies were steady to slightly higher on Friday, supported by improving risk appetites, with the Indonesian rupiah continuing to stabilise after its selloff early this week. Market sentiment toward emerging market (EM) currencies s
Published 20 Dec, 2014 12:00am
Yuan falls

Yuan falls

China's currency is on track for its third biggest weekly loss against the dollar this year as a resurgent greenback finally caught up with the renminbi in the Asian currency complex. In early trades on Friday, the yuan fell quickly past a key technical l
Published 20 Dec, 2014 12:00am
Sterling near one-month high against euro

Sterling near one-month high against euro

Sterling edged down against the dollar bur hovered near a five-week high versus the euro on Friday, as the prospect of full-scale quantitative easing in the euro zone looked all but certain. Reuters reported on Friday that European Central Bank officials
Published 20 Dec, 2014 12:00am
Australian and New Zealand dollar get reprieve

Australian and New Zealand dollar get reprieve

The Australian and New Zealand dollars came up for air on Friday, underpinned by gains on the Swiss franc and euro and an improved view on risk assets as Wall Street surged. The Australian dollar was up at around $0.8169, from a low of $0.8117 on Thursday
Published 20 Dec, 2014 12:00am
I'm waiting for a call: Pietersen

I'm waiting for a call: Pietersen

Exiled England star Kevin Pietersen on Friday said he would consider any offer to return as England selectors met to decide which players are set for World Cup duty. Pietersen was dropped from the squad by the England and Wales Cricket board in February a
Published 20 Dec, 2014 12:00am
Philander pushes West Indies closer to defeat

Philander pushes West Indies closer to defeat

Vernon Philander was the main destroyer as the West Indian batting crumbled on the third day of the first Test against South Africa at SuperSport Park on Friday. Philander took four for 29 as the West Indies were bowled out for 201 and forced to follow on
Published 20 Dec, 2014 12:00am
Cook set to be axed as England's World Cup captain

Cook set to be axed as England's World Cup captain

Alastair Cook is set to be dismissed as captain of England's one-day team ahead of the World Cup after the opener's miserable run of form, according to reports on Friday. Cook has scored just one fifty in his last 22 one-day innings for England and he has
Published 20 Dec, 2014 12:00am
'Earthquake' needed to change World Cup hosts: Blatter

'Earthquake' needed to change World Cup hosts: Blatter

FIFA will release an "appropriate" version of a report into alleged corruption surrounding the 2018 and 2022 World Cups but president Sepp Blatter on Friday ruled out moving the tournaments from Russia and Qatar. The wealthy Gulf state of Qatar has faced
Published 20 Dec, 2014 12:00am
Suspended Ajmal hopeful of return after first bowl

Suspended Ajmal hopeful of return after first bowl

Ace Pakistan spinner Saeed Ajmal Friday said he is confident of a comeback at international level after bowling for the first time with a remodelled action, three months after his suspension. The 37-year-old bowled six overs for 23 runs and took one wicke
Published 20 Dec, 2014 12:00am
Aussies edge ahead of India with Smith ton

Aussies edge ahead of India with Smith ton

India were fighting back after Australia gained a 97-run innings lead on the back of another century from new skipper Steve Smith and a wagging tail in the second Gabba Test on Friday. The tourists had cut the deficit back to 26 runs by the close on the t
Published 20 Dec, 2014 12:00am
Abidal retires for 'strictly personal reasons'

Abidal retires for 'strictly personal reasons'

Former France international defender Eric Abidal announced his retirement on Friday for "strictly personal reasons". But the 35-year-old former Barcelona star, who returned to playing football after undergoing a liver transplant, told an emotional press c
Published 20 Dec, 2014 12:00am
Clinical New Zealand beat Pakistan for series win

Clinical New Zealand beat Pakistan for series win

Skipper Kane Williamson and Ross Taylor hit half-centuries while paceman Matt Henry recorded career best bowling figures as New Zealand thumped Pakistan by 68 runs in the fifth and final one-dayer in Abu Dhabi on Friday. Williamson's 97 and Taylor's 88 we
Published 20 Dec, 2014 12:00am
India looks to sway Americans with nuclear power insurance plan

India looks to sway Americans with nuclear power insurance plan

India is offering to set up an insurance pool to indemnify global nuclear suppliers against liability in the case of a nuclear accident, in a bid to unblock billions of dollars in trade held up by concerns over exposure to risk. Prime Minister Narendra Mo
Published 20 Dec, 2014 12:00am
Mozambique decriminalises abortion to stem maternal deaths

Mozambique decriminalises abortion to stem maternal deaths

Mozambique has passed a law permitting women to terminate unwanted pregnancies under specified conditions, a move hailed by activists in a country where clandestine abortions account for a large number of maternal deaths. President Armando Guebuza on Thur
Published 20 Dec, 2014 12:00am
Iran honours nuclear deal with powers, IAEA report shows

Iran honours nuclear deal with powers, IAEA report shows

Iran has continued to meet commitments under an interim nuclear agreement with six world powers, a confidential UN agency report showed, though Tehran temporarily halted conversion work that makes higher-grade uranium less suitable for bombs. The monthly
Published 20 Dec, 2014 12:00am
Kenyatta signs security law despite protests

Kenyatta signs security law despite protests

Kenyan President Uhuru Kenyatta signed new anti-terrorism measures into law on Friday, triggering fresh protests from opposition MPs who said they would take legal action to overturn the legislation and protect civil liberties. Kenyatta's move came a day
Published 20 Dec, 2014 12:00am
US accuses North Korea of Sony hack

US accuses North Korea of Sony hack

North Korea carried out a "destructive" cyber attack on Sony Pictures, the US Federal Bureau of Investigation said Friday, warning that the perpetrators would be found and punished. Threats issued after the November attack prompted the movie giant to canc
Published 20 Dec, 2014 12:00am
Petrobras graft scandal embroils 28 more politicians

Petrobras graft scandal embroils 28 more politicians

The main accuser in the corruption scandal that has embroiled Brazil oil giant Petrobras gave a list of 28 politicians who had taken kickbacks, including the energy minister, local press said Friday. Paulo Roberto Costa - a former Petrobras director of su
Published 20 Dec, 2014 12:00am
African leaders call on UN for intervention in Libya

African leaders call on UN for intervention in Libya

Leaders in the sub-Saharan Sahel region of Africa called Friday on the United Nations to organise an international force "to neutralise the armed groups" sowing chaos in Libya. The call came at the end of a regional summit on the "Nouakchott Process", nam
Published 20 Dec, 2014 12:00am
Mandy Rice-Davies, key figure in UK 1960s sex scandal, dies

Mandy Rice-Davies, key figure in UK 1960s sex scandal, dies

Mandy Rice-Davies, a former model who was at the centre of one of Britain's biggest political sex scandals - the 1960s Profumo Affair - has died aged 70 after a short battle with cancer, her publicist said on Friday. Rice-Davies lived with Christine Keele
Published 20 Dec, 2014 12:00am
Britain could allow women in army close combat role from 2016

Britain could allow women in army close combat role from 2016

Britain might allow women to fight in close combat roles for the first time from 2016, the defence secretary said on Friday, in a move that would bring the British army into line with some other Western forces. Britain's army currently allows women to ser
Published 20 Dec, 2014 12:00am
Canada increases global reach with new military transporter

Canada increases global reach with new military transporter

Canada's defence minister announced Friday the addition of a fifth military transport jumbo jet to its fleet, as the nation continues expanding its combat and humanitarian reach around the world. Its four existing Globemaster III C17 aircrafts were purcha
Published 20 Dec, 2014 12:00am
Cotton futures rise in sympathy with grains markets, equities

Cotton futures rise in sympathy with grains markets, equities

Cotton futures advanced on Thursday in choppy dealings, supported by strength in grains and equities markets. The most active March cotton contract on ICE Futures US closed up 0.17 cent, or 0.3 percent, at 60.82 cents a lb after trading on either side of
Published 20 Dec, 2014 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded copper contract on the Shanghai Futures Exchange reversed earlier losses to close 0.78-percent higher at 45,500 yuan ($7,311) a tonne on Friday. The Shanghai contract was initially weighed down by data showing China's new home prices fell
Published 20 Dec, 2014 12:00am
Copper prices up on bargain hunting

Copper prices up on bargain hunting

Copper rose more than 1 percent on Friday, leading other base metals higher as recent sharp falls prompted some bargain hunting among investors encouraged by gains in oil and equities. Global equities are ending their last full week of 2014 on a high afte
Published 20 Dec, 2014 12:00am
Palm oil soars

Palm oil soars

Malaysian palm oil futures ended higher on Friday on concerns over monsoon rains hurting output and as crude prices ticked up, but the recovery was not enough to keep palm from its biggest weekly fall in three. Brent crude oil rose above $60 a barrel on F
Published 20 Dec, 2014 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures rose for a third day as strong Japanese stock prices and a weaker yen prompted fresh buys, leading to the first weekly gain in five weeks. The TOCOM rubber contract for May delivery finished 0.4 yen higher at 203.8 yen ($2)
Published 20 Dec, 2014 12:00am
Cocoa up for sixth day; sugar down

Cocoa up for sixth day; sugar down

Cocoa futures on ICE rose for the sixth straight day on Friday, marking their strongest weekly performance since September on chart-based buy signals and concerns about how Olam International's expansion will impact supplies. Sugar turned down a shade, wh
Published 20 Dec, 2014 12:00am
Wheat up; corn hits highest since July

Wheat up; corn hits highest since July

US wheat futures rose on Thursday, extending a winning streak spurred by concerns about Russia cutting back on their overseas shipments, traders said. Corn and soyabean futures also firmed, with corn hitting its highest since July 7 during the session. Im
Published 20 Dec, 2014 12:00am
Gold surges in New York

Gold surges in New York

Gold rose on Thursday after the Federal Reserve said it would take a patient approach toward raising interest rates, boosting stock markets and commodities, though it pared early gains as the dollar strengthened against a basket of currencies. Fed Chair J
Published 20 Dec, 2014 12:00am
Gold rises in Asia

Gold rises in Asia

Gold edged up above $1,200 an ounce on Friday as buyers helped the metal hold up against rising equity markets, paring losses fuelled by worries over a looming hike in US interest rates. A surge in gold prices to above $1,230 an ounce last week from aroun
Published 20 Dec, 2014 12:00am
Gold falls in Europe

Gold falls in Europe

Gold edged lower on Friday, struggling with the $1,200 an ounce mark as the dollar firmed and investor appetite for risk increased on expectations of rising US interest rates. Spot gold was down 0.1 percent at $1,196.60 an ounce by 1512 GMT. The metal was
Published 20 Dec, 2014 12:00am
US MIDDAY: wheat snaps win streak

US MIDDAY: wheat snaps win streak

US wheat futures fell 3 percent on Friday, stepping back from a six-month high on a round of profit-taking ahead of a holiday-shortened week, traders said. The drop in wheat weighed on corn, but signs of strong export demand limited selling in the yellow
Published 20 Dec, 2014 12:00am
US MIDDAY: gold struggles

US MIDDAY: gold struggles

Gold edged lower early on Friday, struggling with the $1,200 an ounce mark as the dollar firmed and investor appetite for risk increased on expectations of rising US interest rates. Spot gold was down 0.2 percent at $1,195.06 an ounce by 2:11 pm EST (1911
Published 20 Dec, 2014 12:00am
Oil jumps five percent second time in a week on short-covering

Oil jumps five percent second time in a week on short-covering

Oil prices jumped more than 5 percent on Friday for a second time in a week as short-covering alleviated pressure in a market dominated by sellers the past six months, and lighter-than-usual pre-holiday volume exaggerated the move higher. Demand for US cr
Published 20 Dec, 2014 12:00am
WWF describes Engro as best 'Green Office' coordinator

WWF describes Engro as best 'Green Office' coordinator

Engro Corporation & Engro Fertilisers Head Office was conferred with the best Green Office coordinator award at a ceremony held at WWF Headquarters in Helsinki, Finland. The award was presented by the CEO of WWF Finland Liisa Rohweder and the Head of Gree
Published 20 Dec, 2014 12:00am
German ambassador briefed on TDAP's workings

German ambassador briefed on TDAP's workings

German Ambassador to Pakistan Dr Cyrill Nunn and Dr Tilo Klinner, Consul General of Germany were briefed on the working of Trade Development Authority of Pakistan (TDAP) by its chief executive on Friday. The German diplomats were informed about the trade
Published 20 Dec, 2014 12:00am
Two shot dead, two bodies recovered in Karachi

Two shot dead, two bodies recovered in Karachi

Two persons were killed while two bodies were found here on Friday. According to police and rescue sources, Bakhtiar, son of Bashir, was fatally injured by unknown assailant in Samanabad area. He was rushed to the Abbasi Shaheed Hospital (ASH) for treatme
Published 20 Dec, 2014 12:00am
Seventh International Engineering Convention on December 23

Seventh International Engineering Convention on December 23

Institution of Engineers Pakistan (IEP) will organise 7th International Engineering Convention to be held on December 23. The objective of the convention is to highlight the role of engineering in meeting the challenges of human importance. Punjab Governo
Published 20 Dec, 2014 12:00am
Four 'militants' killed in Karachi

Four 'militants' killed in Karachi

Rangers on Friday claimed to have killed four alleged members of a militant organisation during a search operation in Musharraf Colony. According to a Rangers spokesman, the paramilitary troops launched a targeted operation after receiving a tip-off regar
Published 20 Dec, 2014 12:00am
LNG import: Pakistan likely to strike long-term deal with Qatar

LNG import: Pakistan likely to strike long-term deal with Qatar

Pakistan is likely to strike a long-term agreement with Qatar for the import of Liquefied Natural Gas (LNG), as a Qatari delegation is expected to arrive in Islamabad in the first week of January 2015, Petroleum Ministry officials said. A senior Petroleum
Published 20 Dec, 2014 12:00am
Ground-breaking of new building of SE Attock Circle held

Ground-breaking of new building of SE Attock Circle held

By thy construction of new building of SE Attock Circle in new city Wah, customers will be facilitated and their electricity related complaints will be redressed near their doorstep and by the construction of Jang - Bahther Grid Station, the consumers of
Published 20 Dec, 2014 12:00am
Expert for implementing gender-based police reforms

Expert for implementing gender-based police reforms

"The on-going deteriorating law and order situation necessitated the need of implementation of effective gender based police reforms aimed at ensuring provision of level playing field to women police as well as effective representation within the police d
Published 20 Dec, 2014 12:00am
Protestors demand registration of FIR against Maulana Aziz

Protestors demand registration of FIR against Maulana Aziz

A few hundred activists staged a protest demonstration in front of Lal Masjid and Aabpara Police Station on Friday and demanded registration of an FIR against chief cleric of Lal Masjid Maulana Abdul Aziz. It was the second consecutive protest in two days
Published 20 Dec, 2014 12:00am
No compromise on investors' interests: SECP chief

No compromise on investors' interests: SECP chief

The newly appointed Chairman Securities and Exchange Commission of Pakistan (SECP) M. Zafar-u-Haq Hijazi, on Friday reiterated that no compromise would be made on investors' interests. Hijazi took over as the SECP chairman here on Friday. In his message t
Published 20 Dec, 2014 12:00am
Field offices to remain open today

Field offices to remain open today

The Federal Board of Revenue (FBR) has announced that all field offices will remain opened on Saturday (December 27) from 09:00am to 5:00pm and till 8:00pm on Wednesday (December 31) for collection of duties/taxes from corporate taxpayers. In this regard,
Published 20 Dec, 2014 12:00am
Egypt condemns attack

Egypt condemns attack

The spokesperson of the Ministry of Foreign Affairs of the Arab Republic of Egypt expressed Egypt's strong condemnation against the terrorist attack on Army Public School in Peshawar which caused the death of over 130 students.
Published 20 Dec, 2014 12:00am
PC, Marriott hotels hold Quran Khawani

PC, Marriott hotels hold Quran Khawani

The Chairman and Founder of Hashoo Group Sadruddin Hashwani has strongly condemned the barbarian and inhumane attack on innocent students and teachers of Army Public School, Peshawar and expressed his solidarity with the grieved families. In his message a
Published 20 Dec, 2014 12:00am
Martyred APS principal deserves national award: KP Governor

Martyred APS principal deserves national award: KP Governor

KP Governor Sardar Mahtab Ahmad Khan has said that the martyred principal of Army Public School Tahira Qazi deserves a national award to acknowledge her brave struggle to protect the students while head on confronting terrorists attack at the school and h
Published 20 Dec, 2014 12:00am
There's no room for terrorists, says President

There's no room for terrorists, says President

President Mamnoon Hussain has said that there is no room for terrorists in the country and the whole nation stand shoulder-to-shoulder with the security forces to eradicate the menace of terrorism from Pakistan once and for all. The President expressed th
Published 20 Dec, 2014 12:00am
KP IGP for enhancing security of sensitive places

KP IGP for enhancing security of sensitive places

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani has directed police high ups to further enhance the security of sensitive and vulnerable establishments and places and take action with well calculated plan on intelligence alert.
Published 20 Dec, 2014 12:00am
PESCO line losses soar by three percent

PESCO line losses soar by three percent

Meeting of the Board of Directors Pesco held here at WAPDA House with Malik Muhammad Asad Khan Chairman BoD in the chair today expressed concern over rise in line losses by three percent during the period January-December 2014. CEO Pesco Syed Hassan Fazil
Published 20 Dec, 2014 12:00am
Weekly SPI inflation up by 0.94 percent

Weekly SPI inflation up by 0.94 percent

The weekly Sensitive Price Indicator (SPI) inflation increased by 0.94 percent during the week ended December 18. The provisional data, released by Pakistan Bureau of Statistics, shows that the SPI for the week under review was recorded at 211.71 points a
Published 20 Dec, 2014 12:00am
Quran Khawani held at PAF bases

Quran Khawani held at PAF bases

A Quran Khawani was held on Friday at all the PAF Bases for the Martyrs of Army Public School Peshawar. According to the PAF Spokesperson here, the Quran Khawani was arranged by Pakistan Air Force Women Association (PAFWA).
Published 20 Dec, 2014 12:00am
APS tragedy unites nation against terrorism: Pervez

APS tragedy unites nation against terrorism: Pervez

Former Chief Minister Punjab, Chaudhry Pervez Elahi has said that the tragedy of Army Public School (APS) has united the whole nation against the terrorism. Addressing a news conference here in Peshawar Press Club (PPC) Friday, he said that the whole nati
Published 20 Dec, 2014 12:00am
Seminar by SAFMA: speakers condemn attack on Peshawar school

Seminar by SAFMA: speakers condemn attack on Peshawar school

Representatives of the civil society and concerned citizens vehemently condemn the barbaric massacre of the students and teaching staff of Peshawar public school. They expressed these views while addressing a seminar organized by South Asian Free Media As
Published 20 Dec, 2014 12:00am
Moment of truth and accountability has arrived: Shahbaz

Moment of truth and accountability has arrived: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said the day of accountability of terrorists has come and the blood of martyrs will not go waste. "Terrorists will be held accountable for every drop of blood of innocent children and their teachers and will be awa
Published 20 Dec, 2014 12:00am
Attack on school slated in Friday congregations

Attack on school slated in Friday congregations

Special prayers were offered during Friday congregations in almost all mosques of the city for the victims of Tuesday's terrorist attack on Peshawar's Army Public School and College. Imams of various mosques in their Friday sermons strongly condemned the
Published 20 Dec, 2014 12:00am
61 banned outfits still operating, challenging writ of state

61 banned outfits still operating, challenging writ of state

As many as 61 banned outfits are working in different parts of the country with new names; though they all claim to be peaceful and boast themselves as charitable organisations. Official documents available with Business Recorder reveal that almost
Published 20 Dec, 2014 12:00am
TTP commander among eight militants killed in Ziarat

TTP commander among eight militants killed in Ziarat

At least eight suspected militants including a local Tehreek-i-Taliban Pakistan (TTP) commander were killed by security forces in Ziarat district here on Friday morning. According to security sources, an operation was conducted in the Chotair area of Ziar
Published 20 Dec, 2014 12:00am
Swiss envoy urges businessmen to enhance exports

Swiss envoy urges businessmen to enhance exports

Consul General of Switzerland Emil Wyss has said that Switzerland considered Pakistan as the priority country for trade. Speaking at a meeting of Site Association of Industry (SAI), he said that economic relations between Pakistan and Switzerland are deep
Published 20 Dec, 2014 12:00am
PU postpones exams, convocation & entry test

PU postpones exams, convocation & entry test

Punjab University has postponed all the examinations already scheduled and entry test for admission to MBA Evening programme in Hailey College of Banking and Finance. Meanwhile, PU's mega event of 123rd Convocation which was scheduled to be held on Saturd
Published 20 Dec, 2014 12:00am
Reap chief hails Imran for ending sit-in

Reap chief hails Imran for ending sit-in

Chairman Reap Rafique Suleman and former chairman Reap Abdul Rahim Janoo said Pakistan Tehrik-e-Insaf Chief Imran Khan has done best decision in national vanity and now hope of ray has been seen that obstacles would be removed in the way of development of
Published 20 Dec, 2014 12:00am
Bilawal shocked over Peshawar attack

Bilawal shocked over Peshawar attack

Pakistan Peoples Party Chairman Bilawal Bhutto Zardari, says he has been in shock since terror attack at Peshawar army school which left 141 people dead. "The horrific attack by the Taliban on our nation's children in Peshawar has left me speechless. I am
Published 20 Dec, 2014 12:00am
Anti-Taliban fight 'un-Islamic': Maulana Aziz

Anti-Taliban fight 'un-Islamic': Maulana Aziz

The head of a hard-line Islamabad mosque Friday called an army offensive against the Taliban "un-Islamic" and said the militants' massacre of 133 children was in retaliation for air strikes against them. The Tehreek-e-Taliban Pakistan (TTP), claimed the a
Published 20 Dec, 2014 12:00am
First-ever animated movie '3-Bahadur' set for release

First-ever animated movie '3-Bahadur' set for release

English Biscuit Manufacturers (Pvt) Limited (EBM) is the lead sponsor of Pakistan's first-ever feature length animated film '3-Bahadur', produced by Waadi Animations. 3-Bahadur, energised by Peek Freans Gluco, is set for release in the summer of 2015.
Published 20 Dec, 2014 12:00am
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